"I don't believe we can promise free universities, re-nationalise the utilities and the railways...as well as printing money"
Andy Burnham on Corbyn "credibility"
"I don't believe we can promise free universities, re-nationalise the utilities and the railways...as well as printing money"Andy Burnham tells Krishnan Guru Murthy he believes Jeremy Corbyn's plans "lack credibility".
Posted by Channel 4 News on Monday, 24 August 2015
So Andy Burnham talks about Margaret Thatcher ... who was deemed unelectable by the Tories, I'll go think about that one.
We cant print money to stimulate the economy but we can inject money into the money markets (Quantative easing) which has been proven to have made lots of rich people loads of money, given companies the ability to raise cheap finance but didn't lead to increased investment and had virtually no impact on the economic growth (http://www.bath.ac.uk/.../policy.../quantitative-easing.html).
Maybe that's why economists are coming out and saying, hang on, what Corbyn is saying is actually good policy and what George Osboune is doing has no basis in good economics.
Go check the facts. [More Here]
Jeremy Corbyns plans are based in reality or at least in the reality of economics. But lets get this straight they are probably not perfect, no one set of idea's are ever perfect. But if Corbyn gets in he can start working with others in the party who will have input into the ideas. Why doesn't Andy Burnham and the rest talk policy rather than just mud slinging...... answer: Because they are trying to get into power by scaring people rather than fighting on their own policies.